We all have different strategies for parting with hard earned and I respect everyone's, I look firstly at the quality of the management and past history, secondly the project, in this case management had poor prior form IMO but the project(going back 2 years) had potential so I done my research
Skipping two years the stock has retraced 50% plus and my research payed of(I have traded adv a few times purely on TA)
I don't believe the project is any better shape, in fact it's worse off because they have proven not to be up to the job, we can all interpret the audio in different ways and IMHO the whole recording sounds desperate this together with the LSI being activated and ready to go instead of waiting for the tonnage doesn't bode well with me...
However the value is 50% less so having a stab now means less downside to those that chose to stab 2 years ago, but I can only see more down turn short term and a good entry with fair upside is still way off..
Nothing of substance to go on in the short term and even brads visit next month with Avq's Geo will take some planning and if they don't hit anything of magnitude on their first planned drill together then I would be more worried.
Your reasons for investing are valid and I praise your opinion, I on the other hand don't believe the Bod are upto it but even more a sandpit mine IMHO with such spaced out source will never get off the ground
ADV Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
(20min delay)
